Trade on Nike Swing is no longer relevant because of following :
1) Nike has been unable to higher high which indicates lack of buyers in the market
2) Also, Nike has started consolidating at the supply zone and on top of that it is not heading higher. Which means Nike is distributing right now.
3) Also Nike is distributing on top of demand which means that demand...
NKE
Shares of NKE pulled back following change of CEO and harsh comments by VP Pence on businesses that seem to be with China and against Hong Kong and the US. Political and Executive catalysts rarely dethrone a strong earnings-driven trend.
